China looks to bounce back from virus, but its recovery will likely be hurt by surging global cases

China has seen a drastic decline in the number of cases — from hundreds of cases per day in February, to less than 50 each day this week.

have markedly declined in recent weeks, but the Asian giant's economic recovery may be held back by the global outbreak, as countries around the world struggle to contain the rapidly spreading disease.

The rate of resumption of work at its factories and provinces has also inched up, according to analysts tracking the progress of activities in the country. China had shut down most provinces in a bid to contain the outbreak, and roads, transportation networks as well as factories had been closed.

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CNBC /  🏆 12. in US

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